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. >> chris: you are saying, joe biden, who in four years would be in his -- i think 73 or something, and the oldest first-term president in our country, you think he is serious about running. >> 73 in the u.s. senate, is a youth member, and that is where the vice president's roots are and yes, i think he'll make a decision sometime later, put to keep his options open, he'll be courting donors and activists in ohio and new hampshire and elsewhere. >> i think the implementation of obamacare will be the political story of 2013. the rise in cost in premiums, dislocations on the job, more people put into part-time status. controversy over the start of the exchanges, with republican governors refusing to do it in their states. and, the loss of employer-based health coverage. for a lot of people, you have to remember, president obama campaigned by saying, if you like your coverage now, you can keep it. that will be put to the test, this year. >> chris: kirsten? >> i think that based on what happened in the last election, the republicans finally realized, for political reasons, they will hav
. >> chris: you are saying, joe biden, who in four years would be in his -- i think 73 or something, and the oldest first-term president in our country, you think he is serious about running. >> 73 in the u.s. senate, is a youth member, and that is where the vice president's roots are and yes, i think he'll make a decision sometime later, put to keep his options open, he'll be courting donors and activists in ohio and new hampshire and elsewhere. >> i think the implementation...
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while vice president joe biden is in capitol hill to sell it to senate democrats, they have got to sign off on the framework of that deal. this is what we know, adam. it exempts income of $400,000 for individuals, $450,000 for families from a tax increase, capital gains and dividends stay the same local straits, amounts above that. permit the patches the alternative minimum tax. estate tax goes to 40% of amounts more than $5 million, one-year extension of employment benefits and the doctor fix making sure medicare doctors don't get a massive pay cut, that is also part of all of this. the debt ceiling is not part of that, something democrats wanted to extract more spending cuts in later debate. the headline here according to a g.o.p. aide, the whole thing is done. it does not mean it is a done deal entirely. but this just developing in the last couple of minutes. adam: when you say the whole thing is done, why is the vice president going to the capital? it sounds to me there are still democrats who need arm-twisting because there was at least part of that side leadership was confirmeconc
while vice president joe biden is in capitol hill to sell it to senate democrats, they have got to sign off on the framework of that deal. this is what we know, adam. it exempts income of $400,000 for individuals, $450,000 for families from a tax increase, capital gains and dividends stay the same local straits, amounts above that. permit the patches the alternative minimum tax. estate tax goes to 40% of amounts more than $5 million, one-year extension of employment benefits and the doctor fix...
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Dec 30, 2012
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i was here yesterday, i'm looking for a dance partner, even saying he and joe biden have solved problems before. that's a hopeful sign. that there's a willing partner he can trust at the table. but the fact that you know you can get to point where people don't even have a counteroffer obviously is frustrating and it's really neither side should look to the american people like they're giving up until the very last minute. >> a.b. stoddard, thank you very much. we always appreciate your insight. >> there may be bickering on capitol hill about the fiscal cliff, but outside of washington, americans want something done and yes, they want it done now. >>> and the oak ridge boys have been crooning for the ailing president, george h. bush and someone who was there will join us to tell us how it went. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easie
i was here yesterday, i'm looking for a dance partner, even saying he and joe biden have solved problems before. that's a hopeful sign. that there's a willing partner he can trust at the table. but the fact that you know you can get to point where people don't even have a counteroffer obviously is frustrating and it's really neither side should look to the american people like they're giving up until the very last minute. >> a.b. stoddard, thank you very much. we always appreciate your...
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Dec 31, 2012
12/12
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talks are continuing this evening between the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security tax. they 6 worked together before and they have succeeded reaching a deal before and folks on capitol hill they can do so again. >> less than 26 hours from what everyone calls a fiscal cliff. it would be comprehensive big package we hear them talk about, the big compromise that speaker boen and the president had worked out a year and a half ago? >> if you want what is known a as the grand bargain you would likely get in two steps. a small down payment, a tax rate increase and some of the spending measures and some of the other tax measures and perhaps instructions for the next six to eight months to congress to work o
talks are continuing this evening between the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security tax. they 6 worked together before...
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Dec 30, 2012
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you have worked with vice president biden. as you know, he's been called on by mitch mcconnell to help with these last-minute talks. what do you think his role is now with so little time left? >> well, the vice president goes way back with senator mcconnell, and i've been in the room when they have talked, and it doesn't sound like two partisans separated by deep ideology. it sounds like guys who know how to bang out a deal. that said, if that were up to them perhaps they could get somewhere, but there are so many other forces swirling around this right now. i'm kind of in the same camp as kristen and the other political analysts we just heard from. if we are starting to hear things getting further apart rather than closer apart at this late date, i don't know that a decades old friendship between a couple of senators -- former senator and current one are going to make that much difference at this point. >> paul, let me play for you what senator lindsey graham said this morning on "fox news sunday" about the chances of a small
you have worked with vice president biden. as you know, he's been called on by mitch mcconnell to help with these last-minute talks. what do you think his role is now with so little time left? >> well, the vice president goes way back with senator mcconnell, and i've been in the room when they have talked, and it doesn't sound like two partisans separated by deep ideology. it sounds like guys who know how to bang out a deal. that said, if that were up to them perhaps they could get...
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vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as we get closer, adam, less than an hour to go in the year 2012 there is no way this clears the senate and the house before the end of the new year. if the senate passes this tonight or sometime in the early morning hours the house will hol begin considering it tomorrow. there's no real outlook so far as to whether or not this is actually going to pass the house, too early to tell. they are basically saying the senate goes first and then the house. adam: have the senator from ohio saying he w
vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be,...
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Dec 27, 2012
12/12
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meetings with vice president biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues, and a week before they would report by virtue of statute i get a letter signed by every republican too, bad about the super committee, we're not going to do anything with revenues, so this is not a capsule of a couple of days. this has been going on for years. they cannot cross over the threshold that has been built by grover for vist. people who are rich who make a lot of money, her not opposing raising taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. any time bhth speaker and the republican leader come to the president and say we've got a deal for you. the president's door is always own, and mine is, too. >> the senate is back in session today and a lot of looking backwards, not necessarily looking forwards
meetings with vice president biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues, and a week before they would report by virtue of statute i get a letter signed by every republican too, bad about the super committee, we're not going to do anything with revenues, so this is not a capsule of a couple of...
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Jan 1, 2013
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vice president biden will probably come to capitol hill tonight. they don't like the rate ares and there is still some hesitation. the big story tonight is that republicans are going to unit behind mcconnell. going to leave it there. thank you gentlemen. we are going to go back to washington and get an update on this developing story. that comes later. don't forget folks free market capitalism is the best path to prosperity. it means limited government and limited government spending and rewarding success. i'm kudlow and the kudlow report will be right back. >> this new year's day kick off 2013 in style with the look at what made 2012 unforunforgettab. the new year's day marathon all day on cnbc. nderstand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. w
vice president biden will probably come to capitol hill tonight. they don't like the rate ares and there is still some hesitation. the big story tonight is that republicans are going to unit behind mcconnell. going to leave it there. thank you gentlemen. we are going to go back to washington and get an update on this developing story. that comes later. don't forget folks free market capitalism is the best path to prosperity. it means limited government and limited government spending and...
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Dec 30, 2012
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. # vice president biden was in the senate. it was clearly on people's minds. also what was in the room, it's interesting, was one of the aspects that came out of desert one and that was the formation of a unified special operation forces command, the very troops, the forces here that would carry out this operation that had become such a unique asset of the united states. >> the president made one decision informed it seems to me like that history, which is he asked for two backup helicopters. >> the president asked for enough assets to ensure that the united states on its own could get in and could get out of the abbottabad compound. >> so now take us to that moment or was it a series of meetings what we now know is that vice president biden voiced reservations about an actual raid as opposed to a missile strike. secretary gates did. some key military leaders did. what was that like? was it a situation where the majority of the president's advisers were urging him not to do this? >> to get to this point, there were two dozen interagency meetings leading up to
. # vice president biden was in the senate. it was clearly on people's minds. also what was in the room, it's interesting, was one of the aspects that came out of desert one and that was the formation of a unified special operation forces command, the very troops, the forces here that would carry out this operation that had become such a unique asset of the united states. >> the president made one decision informed it seems to me like that history, which is he asked for two backup...
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to the vice president and said, perhaps joe biden could help jump start things. that's where we are now. there was a lot of fatigue and weariness as the day went on the without a package for members to consider. there was a lot of back and forth, as you know, about different elements of a potential deal and what was angering one side or another. what we expected now is, barring some late night breakthrough which seems unlikely, we would hear from the senate tomorrow, late morning, get a sense where they are, if they're any further along, and then if there is a package, it would be revealed to each side, meaning the house and the senate, let members take a look at it, and gauge if they're ready to go and vote on it. it is the final day of the year tomorrow. and so the time could not be any shorter. and that's putting pressure on everyone involved. we just don't have a sense if there is optimism, but at least we're told they are still talking. chris? >> obviously, vice president biden has not been involved in these negotiations up until now. do we know why the whit
to the vice president and said, perhaps joe biden could help jump start things. that's where we are now. there was a lot of fatigue and weariness as the day went on the without a package for members to consider. there was a lot of back and forth, as you know, about different elements of a potential deal and what was angering one side or another. what we expected now is, barring some late night breakthrough which seems unlikely, we would hear from the senate tomorrow, late morning, get a sense...
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vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i don't know what the conference will do. i think essentially the speaker said let the senate do it. now it's back. so i don't really know. but i do think the bill will come up today. the notion there will be amendment, i just don't think that's feasible. i think everybody should plan that after due deliberation the republicans that we're likely to have a vote today. the markets aren't open today. they will be tomorrow. i don't think we should go over the cliff for 24 hours. >> dangling is no fun. thank you for being with us. i sure hope you're hard
vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i...
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and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering all this for us on capitol hill. the fox business team is in place here on sixth avenue. two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to
and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering...
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vice president joe biden and mitch mcconnell are at the center of the talks. and we're locked in urgent negotiations late last night while the senate has just reconvened while the house is on standby. good morning, sir. if it comes down to a vote, you're the one who will count the votes as the house minority whip. what are you hearing from your senate counterparts this morning? any signs of progress there? >> there are some signs of progress. we have heard that there is another offer on the table by the administration to reach agreement. in terms of the specifics, i don't know all the specifics. some of which i'm not too happy with. some of which i don't think make the math work, but i think the most important objective is of the administration's and to not go over this cliff, to make sure working americans don't get a tax increase tomorrow and to make sure that those on unemployment who have been unable to find a job have some help in the week ahead. i think we need to keep our powder dry to remain positive. there's still time to act and we need to reach agre
vice president joe biden and mitch mcconnell are at the center of the talks. and we're locked in urgent negotiations late last night while the senate has just reconvened while the house is on standby. good morning, sir. if it comes down to a vote, you're the one who will count the votes as the house minority whip. what are you hearing from your senate counterparts this morning? any signs of progress there? >> there are some signs of progress. we have heard that there is another offer on...
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the biden offer has this in it
the biden offer has this in it
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reached some type of agreement on taxes, but i know that makes mcconnell was working with vice-president biden on the spending side. and so there may be some person that has to go on the senate democrats to get the bill passed gerri: arm-twisting everywhere. let's talk about this potential deal as it has been outlined to us. we would have tax hikes on folks with incomes above 400,000 if your single, above water and 50,000 if you're a couple. permanent patch to anc, the alternative minimum tax. estate tax also. 40 percent for states with 5 million more. going way below that level. jobless benefits extended for a year. can you live with the deal like that? >> if that is all it is in there is no spending cuts than it is not the balanced approach to the president has promised the american people, and so it will be difficult for me to vote for. there are some good permanent things in the tax code related to all the rates below the 404 under 50,000 level. at&t fixes are good. but without any spending cuts on here, if it's just a revenue driven package so the president and spend more money will be a
reached some type of agreement on taxes, but i know that makes mcconnell was working with vice-president biden on the spending side. and so there may be some person that has to go on the senate democrats to get the bill passed gerri: arm-twisting everywhere. let's talk about this potential deal as it has been outlined to us. we would have tax hikes on folks with incomes above 400,000 if your single, above water and 50,000 if you're a couple. permanent patch to anc, the alternative minimum tax....
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Jan 1, 2013
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we reported that joe biden, the environment, is in the building. our photographer just saw him go into harry reid's office. he's currently meeting, i don't know, one-on-one, or maybe with other members of the senate democratic leadership in the office of senator harry reid, which is just around the corner from where i'm standing right now. you see this crowd of people behind me. those are reporters waiting to see if the vice president is going to come through because he's eventually going to come through he and meet with all of the senate democrats for the meeting you were talking about with the senator. sounds as though they're doing a little talking about -- a little bit of a game plan about how they're going to present this to the caucus, and obviously, that's a very delicate issue for reasons we have been talking about. the democratic caucus, many of them are not happy. in fact, i have to tell you i was told by one democratic senator when they put up on a screen, they put up yesterday in a meeting that democrats were having, they put up almost
we reported that joe biden, the environment, is in the building. our photographer just saw him go into harry reid's office. he's currently meeting, i don't know, one-on-one, or maybe with other members of the senate democratic leadership in the office of senator harry reid, which is just around the corner from where i'm standing right now. you see this crowd of people behind me. those are reporters waiting to see if the vice president is going to come through because he's eventually going to...
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president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes conongressional member. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report." thank you for joining us. don't forget to tape the show. if you can't testify. have a great night moments ago, president obama saying he still has hope. >> i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on
president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes conongressional member. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report."...
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>> well, joe biden and mitch mcconnell are older school politicians. they remember a time when compromise was how you close deals like this. and there are a lot of, i guess, mostly younger members up there who don't remember that time. they view their job is to go to washington and create conflict and have grid lock. that doesn't mean that their caucuses will certainly be with them. that is no surprise to me that vice president joe biden is talking with them. it is not a slam dunk, i suspect it will, especially if it passes the senate with a significantly bipartisan vote. you have some real deal makers. >> what do you think that this really means in your opinion, to the average american taxpayer? whether, you know, with the threat we may go over the cliff, and now we may really not. what difference did this really, really mean and if you could put it in plain words for us who are not economists, just explain what it means for all of us? >> well, first of all it means that if you're someone who is a beneficiary of long-term unemployment benefits, you're
>> well, joe biden and mitch mcconnell are older school politicians. they remember a time when compromise was how you close deals like this. and there are a lot of, i guess, mostly younger members up there who don't remember that time. they view their job is to go to washington and create conflict and have grid lock. that doesn't mean that their caucuses will certainly be with them. that is no surprise to me that vice president joe biden is talking with them. it is not a slam dunk, i...
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Dec 24, 2012
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the first one, most importantly, he is missing his dance partner joe biden. he has been kept on the sidelines during negotiations. some republicans think his absence is a sign that the president is not serious about closing a deal. mitch mcconnell is no longer the top republican in washington. it is easy to forget that when he struck a deal to extend the bush tax cuts, boehner had won the house a month before but was not wielding the gavel. finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have not seen that happen. host: from mark williams, what will be specifically affected in the economy if we go over the cliff? guest: instead
the first one, most importantly, he is missing his dance partner joe biden. he has been kept on the sidelines during negotiations. some republicans think his absence is a sign that the president is not serious about closing a deal. mitch mcconnell is no longer the top republican in washington. it is easy to forget that when he struck a deal to extend the bush tax cuts, boehner had won the house a month before but was not wielding the gavel. finally, mitch mcconnell has stayed on offense. on the...
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first time the bush tax cuts were expiring back in 2010, that was a deal cut between vice president joe biden and minority leader mitch mcconnell at that time where they stand at all the tax cuts and apparel tax cut and the unemployment benefits. so the leader coming in again trying to up for some type of compromise and get to the senate. for now the white house is letting the senate worked its magic. tom: interesting. but you very much. well, r-texas congressman michael burgess says we need much deeper spending cuts than anyone is talking about. congressman, you know what they say, well, no, no, this austerity stuff will put us into recession. >> oh, there are so many different facets to this, tom. can i just say that the process part, and i know i'm not supposed to talk about process, but it makes me uncomfortable. the same people that were there 18 months ago in that room in the white house are there again. they did not come up with a very good idea in august of 2011, and we have to expect something different this time. but the american people in their wisdom returned the same players to t
first time the bush tax cuts were expiring back in 2010, that was a deal cut between vice president joe biden and minority leader mitch mcconnell at that time where they stand at all the tax cuts and apparel tax cut and the unemployment benefits. so the leader coming in again trying to up for some type of compromise and get to the senate. for now the white house is letting the senate worked its magic. tom: interesting. but you very much. well, r-texas congressman michael burgess says we need...
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in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase on 98% of americans that's in this deal. we made sure that we pushed off a really significant slashing of defense spending as well as domestic spending and we'll make sure going forward that whatever deal we do reach on those spending cuts is balanced when it comes to both revenue and spending cuts. and that's the overall -- overriding commitment here is we have a balanced plan in front of us and we'll need to -- any further deals made in the future continue to have a balanced plan. >> there are some in your party who don't like this plan. senator
in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase...
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>> you heard vice president biden. the white house has put forth a deal and gotten some republicans is in leadership so go along with this. is a big step. we're going to see the republican party rear its ugly head and see how rogue they want to be in going against the majority of americans. very clear. you look at every poll out there protect social security, medicare, medicaid. in this round, that's exactly what the white house did. republicans want to go against that, they have to deal with it in 2014. they want the wealthiest americans to pay for. that's what will happen in this deal. republicans will have to deal with that down the road this will bring more money into the treasury and won't hurt the middle class. the middle class has been protected in this deal and that's exactly what the president said he would do all along. and this is a monumental move by the republicans if they vote for this, there will only be two republicans that ever voted for a tax increase. for the president to keep this, is it's dig deal.
>> you heard vice president biden. the white house has put forth a deal and gotten some republicans is in leadership so go along with this. is a big step. we're going to see the republican party rear its ugly head and see how rogue they want to be in going against the majority of americans. very clear. you look at every poll out there protect social security, medicare, medicaid. in this round, that's exactly what the white house did. republicans want to go against that, they have to deal...
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recognizing there will be trouble attracting support for the bill, vice president joe biden returned to capitol hill again today to encourage house democrats to support the compromise he negotiated. after the meeting, the house democratic leaders pushed for up-and-down vote on the package noting it's after the fiscal cliff deadline. >> taxes will go up on everybody in america if we don't act. those who are relying on unemployment insurance, million reconciliation relying up on unemployment insurance to support themselves and their families. if we don't act, we will be at risk. >> the leader emphasizeed bipartisan support up until now. >> a bill passed in the united states senate 89-8. tell me when you have had that on a measure as controversial as this. >> house republicans pushed for quick package arguing it's too late for amendments. >> too late in the game. a point in the deal where it's done, and we keep trying to tinker with it to make it perfect. >> the leadership team were not going to be rushed. >> they had months to look at that. now they are expecting to us vote on somethin
recognizing there will be trouble attracting support for the bill, vice president joe biden returned to capitol hill again today to encourage house democrats to support the compromise he negotiated. after the meeting, the house democratic leaders pushed for up-and-down vote on the package noting it's after the fiscal cliff deadline. >> taxes will go up on everybody in america if we don't act. those who are relying on unemployment insurance, million reconciliation relying up on...
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vice president biden also here at the white house. he can of course be an incredibly important player in this entire process. president obama's strategy has to some extent been to wage a public campaign putting the pressure on congress to get something done during that exclusive interview earlier today you heard the president accuse republicans of being solely focused on protecting the taxes of wealthier americans. of course, president obama wants to see the bush era tax cuts extended for those making $250,000 or less while letting it raise on those making more than that. that $250,000 figure is up for debate and is up for compromise. i can tell you that republican leaders on the hill fired back saying he was more interested on assigning blame than getting something done and leading while they are trying to hammer out a deal. that is where things stand right now at the white house. clearly watching these developments quite closely. >> kristen welker, thank you. we will be checking back throughout the afternoon, as well. nchlts for mor
vice president biden also here at the white house. he can of course be an incredibly important player in this entire process. president obama's strategy has to some extent been to wage a public campaign putting the pressure on congress to get something done during that exclusive interview earlier today you heard the president accuse republicans of being solely focused on protecting the taxes of wealthier americans. of course, president obama wants to see the bush era tax cuts extended for those...
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yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill, if this fiscal cliff bill does get done is the new congress going to be more or less likely to work with the president on his second term agenda? >> well, the president is going to have more senators to work with, 55 as opposed to 53. that doesn't mean he'll have an easy time of it because republicans can block anything they want in the senate. it depends on what lessons if any republicans took from the election. i do think that the principle gap is very deep and so i'm not sure that we're going to see a kumbaya situation. but as i say, there are some advantages for republicans in mak
yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill,...
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mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with republican backing, if they can. but remember on friday, the president kind of put republicans in a box. he said either cut a deal in the senate and push it through, or i'm going to ask harry reid to put my scaled back plan on the senate floor. and remember that scaled back plan has tax increases for everybody who makes over $250,000, which republicans don't love at all. i'll have harry reid put that on the floor and you'll have to block it. and you will have to then take responsibility for not pushing it through. so republicans are a
mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with...
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maybe 7:30 where vice president biden will update the caucus on the state of the deal. senate democrats we're told have not signed off on the deal. after the caucus there is an expectation of votes around possibly 10:00 p.m. maybe later. as we get word about the senate action. and knowing about it. but it will be a while. 10:00 p.m. we're going to be back here at 8:00 p.m. you were saying about this deal, we rudely cut you off before. that the entitlement reform is not specific on the republican side. democratic side, frankly there is no spending cuts in this deal. no additional spending cuts. >> there this is the other part of this. obama doesn't -- obama believes in stimulating the economy through spending. he doesn't believe in making all the cuts. so again, like you are asking him to adopt a world view he doesn't have. >> bret: even though he talked about it many times. >> he does talk about it. >> expounding upon it. fixing social security and medicare. >> anybody who reads paul krugman, grand pubah of economics on the left his worry that the deficit will be reduce
maybe 7:30 where vice president biden will update the caucus on the state of the deal. senate democrats we're told have not signed off on the deal. after the caucus there is an expectation of votes around possibly 10:00 p.m. maybe later. as we get word about the senate action. and knowing about it. but it will be a while. 10:00 p.m. we're going to be back here at 8:00 p.m. you were saying about this deal, we rudely cut you off before. that the entitlement reform is not specific on the...
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president take blame for pushing us off the clif >> well, it was apparently, from the white house, by joe biden, the vice president has been negotiating and the story according to our producers up on the hill there was an agreement to try to deal with the sequestration by having both the democrats and republicans make their own proposals that could be considered and voted on. adam: peter this, is urgent. this is just crossing right now. republican u.s. senator john mccain says automatic spending cuts to be delayed for two months under tentative fiscal cliff deal. that would seem to me we're going to get a vote at some point this evening on the tatax portion with the delay. we get it in the senate and then it would move to the house and latourette is saying house members have been told to stay close. they may be called back to continue fiscal cliff negotiations. >> yep. you have got the wires right there. and so there had been some conversations, some reports that there might be a two-month or 90-day sequestration, a delay in the sequestration as part of trying to get through this to buy the con
president take blame for pushing us off the clif >> well, it was apparently, from the white house, by joe biden, the vice president has been negotiating and the story according to our producers up on the hill there was an agreement to try to deal with the sequestration by having both the democrats and republicans make their own proposals that could be considered and voted on. adam: peter this, is urgent. this is just crossing right now. republican u.s. senator john mccain says automatic...
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vice president joe biden taken the lead in the talks. negotiating with senate minority leader mitch mcconnell. they spoke and narrowed down the differences. among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for us. what was the point here? the president decided to come out and that bully pulpit can be a powerful weapon. >> reporter: certainly can be. good afternoon to you, t.j. the president using the bully pulpit. this is a part of the pressure on congress but also democrats who might be skeptical of this compromise that is coming to fruition so he came out today with middle class americans standing behind him and made the argument if we do, in fact, go over the cliff, if the steep tax hikes and spending cuts kick in to effect tomorrow, that the average am
vice president joe biden taken the lead in the talks. negotiating with senate minority leader mitch mcconnell. they spoke and narrowed down the differences. among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for...
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senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon. if not, all these bills and proposals expire and they have to start voting all over again. >> that is all we need, back to the drawing board, right? >> rich. we hear that even though it is called the fiscal cliff or it is nicknamed the fiscal cliff that the effects won't be felt immediately. technically we're already there but i wonder how long, is there any sense on capitol hill when effect will start being felt by the american public? >> well we got guidance from the irs last evening and they're basically telling businesses they don't have to begin withholding at current tax rates, which are tax rates w
senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon. if not, all these bills and...
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these are talks between biden and mcconnell. what they agreed to is 39%, 39.6, rather, of individuals over $400,000 in income. married couples above $450,000. estate tax to 40% for estates over $5 million p.m. and rise in dividend rates. can they resolve the disagreement offer spending cuts? democrats are resisting. they want a longer perhaps one-year delay and president obama was trying to rally those disappointed democrats with remarks that he just made by citing gains that he had won in terms of energy and education tax breaks he supported in the past and vowing to seek more revenue later on when we get to the discussion of entitlement cuts or what republicans believe is safer ground. saw some tweets saying he is trying to gum up the works. but there is the way the to and fro negotiation of president obama making sure his own troops are in line if he makes a deal. >> absolutely. talking to and fro, when president obama was speaking and saying a fiscal cliff deal was in sight, we saw the dow spike back above the 13,000 market
these are talks between biden and mcconnell. what they agreed to is 39%, 39.6, rather, of individuals over $400,000 in income. married couples above $450,000. estate tax to 40% for estates over $5 million p.m. and rise in dividend rates. can they resolve the disagreement offer spending cuts? democrats are resisting. they want a longer perhaps one-year delay and president obama was trying to rally those disappointed democrats with remarks that he just made by citing gains that he had won in...
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vice president biden -- i know who that is. that is senator mcconnell's spokesperson up there, don stewart who is regaling reporters with some kind of details about behind the scenes. stu is telling the reporters from the republican point of view. ed, what about from the white house point of view you about how this deal came to be and what it looks like? >> as mike laid out he s exactly right that vice president biden, of course, played a pivotal role. known as the mcconnell whisperer as somebody who when you go back to the debt ceiling debate about a year and a half ago he unsticked that when it was stopped up. he was brought in sort of as the closer again yesterday to try to move this along. it is not a completely done deal yet. as you noted this sequester came about all because the cuts were supposed to be so onerous that lawmakers in both parties would never let them go through and yet they he went right up to the edge here. this is important this s just as mike said a two month buydown. shut out the cuts for two months. co
vice president biden -- i know who that is. that is senator mcconnell's spokesperson up there, don stewart who is regaling reporters with some kind of details about behind the scenes. stu is telling the reporters from the republican point of view. ed, what about from the white house point of view you about how this deal came to be and what it looks like? >> as mike laid out he s exactly right that vice president biden, of course, played a pivotal role. known as the mcconnell whisperer as...
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if there were to be a deal, of course, biden has been deeply involved since yesterday. when mitch mcconnell reached out to him. that's where it stands rielgts now. chris, part of this, we talked a little bit about procedure. the senate can do just about anything it wants if every senator just agreed to do this lickety-split, that is a huge stretch. at that point, all bets are off. mitch mcconnell has got to get on the same page as john boehner on the house 06 representatives. mcconnell is not going to walk the political bank. so a lot of variables here. the plan, all along, was for the senate to pass this thing and therefore, sort of box in the house. john boehner could present it to his gop conference, his conservatives and say, look, this is the only deal we can get. however, as you report it, it's quite clear now that technically, at least, we're going to be going over that cliff. the house, while they say they could call themselves back into session at any moment for all intense and purposes, they're gone until noon tomorrow. house leaders, their aides say tomorrow
if there were to be a deal, of course, biden has been deeply involved since yesterday. when mitch mcconnell reached out to him. that's where it stands rielgts now. chris, part of this, we talked a little bit about procedure. the senate can do just about anything it wants if every senator just agreed to do this lickety-split, that is a huge stretch. at that point, all bets are off. mitch mcconnell has got to get on the same page as john boehner on the house 06 representatives. mcconnell is not...
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so, again, vice president biden heading to the hill. just three hours until we head over the fiscal cliff. the large concern here is the impact that going over the cliff would have on the economy. now economists say look, it's not going to be a windfall on wednesday. it's not going to be a complete disaster all at once. but what could happen is that the markets could begin to respond on wednesday. they're closed of course tomorrow for the holiday. and then over time, the average american could wind up paying about $2,000 more in their taxes. and if we went over the cliff and stayed over the cliff for a significant amount of time, the economy could eventually begin to dip back into recession. and that is really the big concern here. you've heard president obama talk about those concerns when he has held some of these public campaign events. he held one today to pressure congress to act. he has talked about the fact that this is a really about americans and the economy and preventing the economic recovery from being harmed. milissa? >> kr
so, again, vice president biden heading to the hill. just three hours until we head over the fiscal cliff. the large concern here is the impact that going over the cliff would have on the economy. now economists say look, it's not going to be a windfall on wednesday. it's not going to be a complete disaster all at once. but what could happen is that the markets could begin to respond on wednesday. they're closed of course tomorrow for the holiday. and then over time, the average american could...
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ernie to joe biden to break the stalemate. >> we are running at a time. there is too much at stake. >> workers may see less and there paycheck if there is no agreement. government contractors might be forced to lay off employees. businesses could lose tax breaks. many americans are still hoping for an 11th hour compromise. >> i would hope they could work together and realize that this is affecting everyone. >> both chambers will reconvene later this morning, at which point there will be 12 hours left until the deadline. >> what of lawmakers working on today? >> will we know is that harry reid will likely reap introduced president obama's campaign season plan which would extend the tax cuts to americans making less than $250,000 a year but raise taxes on the wealthier americans. this is something republicans have turned down time and time again. >> maryland could lose hundreds of millions of dollars if we do go off the fiscal cliff. kim dacey is live with have the gridlock in washington is affecting us in maryland. >> we have a lot of people employed by th
ernie to joe biden to break the stalemate. >> we are running at a time. there is too much at stake. >> workers may see less and there paycheck if there is no agreement. government contractors might be forced to lay off employees. businesses could lose tax breaks. many americans are still hoping for an 11th hour compromise. >> i would hope they could work together and realize that this is affecting everyone. >> both chambers will reconvene later this morning, at which...
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whether any progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >>> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> have a good night. >>> i'm don lemon, and this is cnn's top ten of 2012. this hour we look at the stories that captured our attention. what we see as the biggest stories of the year, around the world in crime, money, weather and even the biggest scandals. and later this hour, the big reveal of the most intriguing people of the year as chosen by you. we begin with the topic that dominated our coverage for much of the year. here's cnn's political correspondent candy crowley with the top phen political stories of 2012. >> picking the top ten moments of an elect
whether any progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >>> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to...
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. >> you mentioned vice president biden swooping in at the last minute like superman and being able to secure this deal and that's certainly the perception a lot of people had. we heard mitch mcconnell speaking on the floor and he said this shouldn't have taken this long. certainly, there have been discussions about this for months. so in terms of the political drama that was playing out behind the scenes, how did this happen this waif? all of the sudden, at the 11th hour, well passed the 11th hour, we're voting at two in the morning on this measure. >> well, just as the way things happen in congress. nobody does anything until their back is completely against the wall. and i've got to say, maura, it's not all said and done for all the reasons we've outlined. the house of representatives still has to act. there could yet be some hiccups if not major explosions along the way here. but, you know, i mean, in order for people to come together, they've really got to have their backs up against the wall. and if you can say one thing, one remarkable thing about what's happening here on the se
. >> you mentioned vice president biden swooping in at the last minute like superman and being able to secure this deal and that's certainly the perception a lot of people had. we heard mitch mcconnell speaking on the floor and he said this shouldn't have taken this long. certainly, there have been discussions about this for months. so in terms of the political drama that was playing out behind the scenes, how did this happen this waif? all of the sudden, at the 11th hour, well passed the...
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joe biden is saying, yeah, 2016. maybe. >> he is not going through the ritual of saying -- he is clearly it does interest me. it's hard to -- i would separate this from presidential politics. as hard as that is for somebody like us. >> come on. it's tough. i do think this represents the fact that at the end of the day particularly in your intense dead looirn situation personal relationships do matter. two men that have been in the senate and know each other. i don't know of if i particular affection, they know each other and they know what makes the other tick. they know what the other incentives are. the personal relationships can matter. there's no question. i think it will give sort of credibility to joe biden's standing, and they will show the value of that kind of institutional knowledge and seniority. >> they say it's the deal and it's the program meter is 450,000 with an extension of the patch in amt and extension of unemployment benefits and all these sorts of things. are both sides able even if they're not r
joe biden is saying, yeah, 2016. maybe. >> he is not going through the ritual of saying -- he is clearly it does interest me. it's hard to -- i would separate this from presidential politics. as hard as that is for somebody like us. >> come on. it's tough. i do think this represents the fact that at the end of the day particularly in your intense dead looirn situation personal relationships do matter. two men that have been in the senate and know each other. i don't know of if i...
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the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god, we give you thanks for giving us another day, a new year. the political struggles of the past year have revealed the divisions that exist in our nation. there are many american citizens who are angry,
the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert...
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right now his representative, joe biden, was in the senate for a very long time, is trying to forge a deal with mitch mcconnell. they've had a successful partnership in the past, and harry reid, the majority leader, seems to go along with that. so maybe the outlines of a deal can be between those two principals. then again, we have john boehner, speaker of the house, has to control his own republican party. what happens if mcconnell and biden create a minimal deal and boehner can't sell it, then we're back to square one, which is failure. >> right. which boehner couldn't do with his plan b a couple of days ago. >> that's right. >> the question is, if some deal should be reached, i'm not expecting something that's overreaching, something large, is it short-term? >> very short-term. and then i'm sorry to be the dispenser of bad news, we have the whole fiscal cliff again with the fiscal reputation in terms of the borrowing maximum, the ceiling, which will come due in about a month where they have to raise the debt ceiling. you remember the president said, i'm not going to play that game
right now his representative, joe biden, was in the senate for a very long time, is trying to forge a deal with mitch mcconnell. they've had a successful partnership in the past, and harry reid, the majority leader, seems to go along with that. so maybe the outlines of a deal can be between those two principals. then again, we have john boehner, speaker of the house, has to control his own republican party. what happens if mcconnell and biden create a minimal deal and boehner can't sell it,...
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vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. but by definition, it has things in it that each party should like. the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out that we expect that to happen. we think that's the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise that has been reached to determine whether they can support that compromise. i'm hopeful this congress will, as one of its last acts, act not only on this compromise, but i'm also very hopeful and would expect that we would provide the emergency assistance needed for the victims of sandy. one of the country's worst storms in history that damaged the northeast so badly. so, i'm hopeful we will be able to move on both of these issues and that we will have members on both sides who perhaps will not agree,
vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. but by definition, it has things in it that each party should like. the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out that we expect that to happen. we think that's the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach...
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i mean, in the end, it became mitch mcconnell and joe biden. the majority of lawmakers essentially cut out of the process, including, arguably, the speaker. so, how can things be done differently if you're going to do things like getting the debt ceiling taken care of, like figuring out the sequester? >> well, this was a unique situation because we did have the fiscal cliff and we had a lame duck congress. what i think we have to start trying to do is return to what's called around here regular order. there really is no such thing in this congress. but what that means is that the committees actually consider the bills. and the thing that is really the challenge for us is to get republicans and democrats to be working on these committees, talking about the different issues and trying to come up with some compromises. right now, it's just an all-or-nothing proposition, and the republicans have the majority in the house and it's their way or the highway. the senate filibuster is a big impediment. and in the old days that people speak about with so
i mean, in the end, it became mitch mcconnell and joe biden. the majority of lawmakers essentially cut out of the process, including, arguably, the speaker. so, how can things be done differently if you're going to do things like getting the debt ceiling taken care of, like figuring out the sequester? >> well, this was a unique situation because we did have the fiscal cliff and we had a lame duck congress. what i think we have to start trying to do is return to what's called around here...
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here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the house though probably with majority democrat. if that happens, we may well have a deal. >> you said a big f, though. if mcconnel and reid can hammer something out. the senate hasn't passed a budget in years, jared. tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester
here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the...